Subscribe to our free daily newsletters
  Oil and Gas News from OilGasDaily.Com  

Subscribe to our free daily newsletters

Valero awarded $157M fuel contract for Israel
by James Laporta
Washington (UPI) Oct 16, 2017

In a new deal struck between the Defense Logistics Agency and Valero Marketing and Supply Co., Pentagon officials announced Friday the allocation of $157 million to the Texas-based company in search of various types of fuel.

The contract is designed to be a fixed-price in terms of base cost, but the deal does take into account economic-price-adjustments, so the totality of the contract can be adjusted upward or downward depending on external market factors.

The contract acquisition was said to be competitive among the four defense contracting companies who submitted proposals to the Defense Department. The award is a one-year base contract with a one-year option period, plus a 30-day carryover. Work will occur in Texas, with a completion data of Sept. 30, 2017.

The work completed will solidify the partnership between the U.S. and Israel, as they are the primary customer on the contract, in addition to the Defense Department.

Since the 2009 surge into remote parts of Afghanistan, and the continued fight of U.S. and coalition forces against insurgents in the desert sands of Iraq, the U.S. Military has been pushing to develop, test and deploy renewable energy -- or shift to alternative types of fuel in order to decrease the Pentagon's dependency on fossil fuels to transport food and water, bullets, bandages and soldiers to wage war.

The U.S. Army Environmental Policy Institute concluded in a 2009 report that resupply of fuel and drinking water for troops in-theater costs lives, lamenting that for every 24 fuel convoys that set out, one soldier or civilian assigned to fuel transport was killed.

The Center for Army Lessons Learned found that, historically, those killed during fuel transport missions made up 10 to 12 percent of total Army casualties. The report asserted that life and equipment would be saved if the dependency on fossil fuels decreased. The Army's challenge, however, is to "increase the energy efficiency of weapons and support systems while maintaining combat and operational performance."

Valero Marketing and Supply Co. has worked on 461 contracts worth $9.03 billion in total obligations from the U.S. government since fiscal year 2007. Fiscal year 2016 saw profits of $210 million in contract revenue through the Pentagon, the Department of Justice and the Treasury Department.

An analysis of the company shows they are awarded far higher than average when compared to all 494,388 federal vendors, according to InsideGov, a government research and data visualization site.

More drilling expected in the North Sea; No disruptions from Ophelia
Washington (UPI) Oct 16, 2017
The Norwegian government said Monday it signed off on new plans for oil drilling and exploration work in the national waters of the North Sea. The Norwegian Petroleum Directorate said it gave Statoil approval to drill an exploration well in the shallow waters of North Sea. Drilling starts in November and will run for about 99 days, depending on whether or not the company makes a discove ... read more

Related Links
All About Oil and Gas News at

Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.

SpaceDaily Contributor
$5 Billed Once

credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly

paypal only

Comment using your Disqus, Facebook, Google or Twitter login.

Share this article via these popular social media networks DiggDigg RedditReddit GoogleGoogle

Converting carbon dioxide to carbon monoxide using water, electricity

Breaking down stubborn cellulose

Breakthrough in direct activation of CO2 and CH4 into liquid fuels and chemicals

NGOs slam UN aviation agency plan for biofuels

Solar panels shine in darkest Amazon, the 'last frontier'

Sandia scientists find the optimal way to mop up surplus solar flux on CSP towers

Solar power a clear leader, IEA report finds

Futuristic solar-powered Dutch family car hailed 'the future'

Huge energy potential in open ocean wind farms in the North Atlantic

OX2 hands over Ajos wind farm to IKEA Finland

Wind farms in Atlantic could power the world: study

Germany gets economic lift with wind energy

Greenpeace fireworks shine light on French nuclear safety concerns

Japan government, TEPCO liable for Fukushima crisis: court

French, Belgian nuke plants vulnerable to attack: Greenpeace

New 'molecular trap' cleans more radioactive waste from nuclear fuel rods

'Plan B': Seven ways to engineer the climate

British government unveils green spending plans

As Paris climate goals recede, geoengineering looms larger

Cheaper to invest in climate change fight than to rebuild; EPA chief rolls back US plans

Norway seeks 'Tesla tax' on electric cars

Slovenia sets tough emissions limits for cars

Paris wants to phase out diesel cars by 2024

Tesla recalls Model X vehicles for seat fix

Nearly 700,000 Iraqis from war-torn Mosul still displaced: NGO

Cinders and desolation in Iraq's Hawija after IS

Moscow says US 'pretending' to fight IS in Iraq

Shock Iraq torture photos raise ethical dilemmas

Iranians mock 'ridiculous' Trump speech

NATO chief concerned about Iran missile programme

Trump breaks with allies as US goes it alone on Iran

Iran says US opposing 'whole world'; Europe scrambles to save deal

Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

The content herein, unless otherwise known to be public domain, are Copyright 1995-2017 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement